Singapore has ranked first in the Xinhua-Baltic International Shipping Centre Development Index (ISCDI) Report for the 10th year in a row.
Published jointly by Chinese state news agency, Xinhua, and global maritime data provider, Baltic Exchange, the report lists Singapore as the global leading maritime centre, followed by London and Shanghai.
The island nation scored 95.32 out of a possible 100 points, while the maritime support services powerhouse of London scored 83.35 points and the port-city of Shanghai takes third place with 81.58 points.
Singapore has retained its position due to its strategic location, international outlook, and established ecosystem of professional global maritime services and good governance, according to the Baltic Exchange.
London and Shanghai have retained their positions of second and third place within the Index for the past four years.
Further down the top 10, there was little movement as Hong Kong, Dubai, Rotterdam, and Hamburg take fourth, fifth, sixth and seventh place, respectively.
New York and its New Jersey port dropped by two places from eighth place last year, to 10th place this year while Athens/Piraeus moved up by one place.
A relative newcomer to the Index, Ningbo-Zhoushan, sits at number nine. The Chinese city’s ranking amongst the top 10 is primarily due to it being the busiest port in the world in terms of cargo tonnage.
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A total of 43 maritime locations were rated as part of this report, which considers port factors including cargo throughput, number of cranes, length of container berths and port draught.
In August 2023, PSA Singapore won two accolades for its Prime Mover (PM) Telematics programme, which employs technology to improve safety.
